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PARLIAMENT ENDS DISCUSSION ON NBH ANNUAL REPORT FOR 1995

ZAGREB, 10 Oct (Hina) - The House of Representatives today ended a discussion on the Croatian National Bank (NBH) Annual Report for 1995, NBH Financial Report for 1995 and NBH Financial Plan for 1996. High macroeconomic stability, low inflation rate (3,7%) and a stable rate were main guidelines in 1995, NBH Governor Marko Skreb said, stressing the objectives remained the same in 1996.
ZAGREB, 10 Oct (Hina) - The House of Representatives today ended a discussion on the Croatian National Bank (NBH) Annual Report for 1995, NBH Financial Report for 1995 and NBH Financial Plan for 1996. High macroeconomic stability, low inflation rate (3,7%) and a stable rate were main guidelines in 1995, NBH Governor Marko Skreb said, stressing the objectives remained the same in 1996. #L# The year of 1995 was successful from the point of view of the Croatian central bank, but financial reorganization had a slower pace, Skreb said. The savings of Croatian citizens had a high growth rate - last year they increased by 50% and in the first eight months of 1996 they registered a 30%-rise. Currently, the savings of Croatian citizens amounted to more than three billion dollars. On behalf of the Finance and State Budget Committee, Djuro Njavro described the year of 1995 as successful, stressing it was realistic to expect a 7%-rise in economic growth in 1996. The NBH will also have to investigate the growing insolvency as well as the problem of internal debt. The NBH also had to establish the total debt ratio and make a plan of gross national product growth, Njavro said. (hina) rm 102245 MET oct 96

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